Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that all the necessary regulatory approvals have been received to enable China’s Geely Group and Sampo plc of Finland to acquire shares in Saxo Bank A/S. Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman…
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Copenhagen based multi asset brokerage group Saxo Bank A/S has released its financial results for 2017, showing moderate growth and improved profitability over 2016, but also revealing that the company's business slowed considerably in the second half of the year. For the full year 2017, Revenues at Saxo Bank came in at DKK 3.03 billion…
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Copenhagen based online brokerage provider Saxo Bank has reported steady but mixed overall trading volumes for September 2017, with FX trading up but Commodities and Equities somewhat weaker than in August. Overall, total multi-asset trading volumes at Saxo Bank were down 2% MoM in September, $342.6 billion versus $348.4 billion in August. We'd note that monthly volumes…
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Saxo Bank has a new majority owner. The Copenhagen based multi asset online broker has announced that Finland's Sampo Oyj (HEL:SAMPO) is becoming a new shareholder in Saxo Bank, joining China's Geely Group which will now become Saxo Bank's largest (and controlling) shareholder. Geely and Sampo will jointly buy out the other two main outside shareholders…
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After a fairly slow April, Copenhagen based multi-asset broker Saxo Bank has reported that it saw an overall 17% MoM increase in trading volumes during May, including a 14% rise in FX trading volumes. FX volumes came in at $235 billion for May, with total multi-asset volumes (including also Equities, Commodities and Fixed Income) totaling $331 billion for the month.…
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Saxo Bank has seen a lot of change lately. And much of it the good variety. The company has a new largest-shareholder in Chinese industrial giant Geely Group. Co-founder Lars Seier Christensen, although not involved in day-to-day management for two years, cut his formal ties to the company by selling his stake to Geely. There have…
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Copenhagen based multi-asset broker Saxo Bank has released its trading volume statistics for the month of April, indicating an overall 25% reduction in activity for the month. The figures at Saxo Bank are fairly much in line with what we have seen for April from other leading retail and institutional eFX venues. After a fairly…
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In one of the busiest weeks of the year in Forex Industry News at LeapRate, we had a little (actually, a lot!) of everything - exclusive coverage of new CySEC licenses granted to several forex-related entities, financial results both good and bad from a number of Retail and Institutional FX players, and executive moves at…
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Copenhagen based multi-asset broker Saxo Bank has announced that co-founder Lars Seier Christensen will be fully exiting from his ownership interest in the company, selling his 25.71% stake to Chinese conglomerate Geely Group. Certain minority shareholders are expected to exercise tag-along rights as part of the offer from Geely, which is expected to own about 30% of…
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